RFG Advisory LLC significantly reduced its stake in Citigroup Inc. ($C) during the third quarter. The investment advisory firm divested 33,940 shares, marking a substantial 66.1% decrease in its holdings. This move by RFG Advisory contrasts with the actions of other prominent hedge funds, such as Brighton Jones LLC and Sivia Capital Partners LLC, which reportedly increased their positions in the banking giant. While the precise reasons behind RFG Advisory's decision were not disclosed, institutional investors typically adjust portfolios based on a comprehensive review of earnings, dividends, and market outlook. The divergent strategies among major institutional players highlight a mixed sentiment surrounding Citigroup's stock performance and future prospects.
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